Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Receives $19.60 Average PT from Brokerages

Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.60.

Separately, Needham & Company LLC boosted their target price on Grid Dynamics from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st.

Insider Buying and Selling at Grid Dynamics

In related news, COO Yury Gryzlov sold 10,306 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total value of $192,309.96. Following the sale, the chief operating officer now owns 482,759 shares in the company, valued at $9,008,282.94. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Anil Doradla sold 3,000 shares of Grid Dynamics stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.12, for a total value of $66,360.00. Following the transaction, the chief financial officer now owns 343,012 shares of the company’s stock, valued at $7,587,425.44. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,306 shares of company stock valued at $376,590. Corporate insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On Grid Dynamics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC purchased a new position in Grid Dynamics during the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new position in Grid Dynamics during the fourth quarter worth about $27,000. FMR LLC grew its position in Grid Dynamics by 38.7% in the 3rd quarter. FMR LLC now owns 2,873 shares of the company’s stock worth $40,000 after purchasing an additional 801 shares in the last quarter. MCF Advisors LLC increased its stake in Grid Dynamics by 65.8% in the 4th quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock valued at $41,000 after buying an additional 740 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Grid Dynamics during the 4th quarter worth approximately $70,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

Grid Dynamics Stock Down 0.1 %

Shares of GDYN stock opened at $16.68 on Wednesday. The firm has a 50 day moving average of $20.23 and a 200-day moving average of $18.34. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 417.00 and a beta of 1.10. Grid Dynamics has a 52 week low of $9.07 and a 52 week high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. The company had revenue of $100.28 million during the quarter, compared to analyst estimates of $96.00 million. Analysts anticipate that Grid Dynamics will post 0.18 earnings per share for the current year.

About Grid Dynamics

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.